karmadata® Launches Industry Data Platform and API at Data 2.0 Summit

Founded by Sean Power, previous founder of Infinata (BioPharm Insight®), karmadata curates and provides access to a linked version of the world’s open data sources in Healthcare, Legal, Energy, and other verticals.

BOSTON, May 7, 2012 – karmadata officially introduced its freemium website (www.karmadata.com) and API (www.karmadata.com/API) to the global data community at the Data 2.0 Summit, held April 30th in San Francisco. karmadata’s website enables users to find, visualize and share data of interest to them and their social networks. The karmadata API provides standardized linked data from the world’s data sources, allowing developers to design and build their own applications.

“The Data 2.0 Summit (www.data2x.com) was the perfect arena for us to announce our launch amongst so many creative and like minded leaders in the data industry. Our website will reinvent how professionals access and analyze data, providing access to 10s of millions of users that are blocked by proprietary corporate-only license fee models. Additionally, our API will provide simple, affordable access to standardized, linked data for app developers and system integrators to create things we couldn’t possibly dream of,” said Sean Power founder and CEO of karmadata.

karmadata was chosen as one of the top 5 data startups of 2013 to present during the Data 2.0 Summit. “karmadata’s vision and technology platform fit our 2013 conference theme of ‘Democratizing Data’ perfectly. We welcome their entrance and look forward to their disruptive activities in the business information space,” said Geoff Domoracki, co-founder of Data 2.0.

karmadata poised to disrupt the Professional Business and Information Services Industry

The current Professional Business and Information Services industry is a $100 billion + market, dominated by a handful of Big Information Vendors which utilize a corporate-only, up-front licensing model. This archaic standard effectively locks out tens of millions of would-be users and application developers who generally cannot afford the upfront costs of access. karmadata is utilizing innovative technology and cloud based scale, enabling a first-in-kind freemium pricing model for industry data.

How karmadata works

On a daily basis, karmadata processes high value open data sources, such as: PubMed, ClinicalTrials.gov, the FDA Adverse Events Reporting System, the USPTO databases, and many others. These sources are primarily semi-structured text or XML that are not linked to each other, and provide no standards for querying, analyzing or visualizing. We have processed over 100 million records to date, and have identified over 6.1 million Entities that are healthcare providers, populated places, clinical investigators, diseases, organizations, drugs and more.

karmadata is on a mission to standardize and link the world’s data and to provide easy affordable access to it, to anyone, anywhere in the world. karmadata is currently a small and enterprising team of dedicated and experienced professionals with a common goal of redefining the industry standards of how data will be resourced, collated and shared among industry professionals and setting the gold standard for future data providers.

About KarmaData

karmadata is a collaborative information service. We are creating a new platform for consumers of information to create and share data, visualizations, and knowledge on the web. We believe in individual users, not corporate subscriptions.